S&P 500 Rises as Core Inflation Comes in Lighter Than Expected — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Core inflation registered 3.0% in August on the Fed's preferred gauge, much lighter than expected
- S&P 500 rose on the cooler-than-expected reading, which Yahoo Finance notes tamps down on urgency for rate hikes
Why it matters: A 3.0% core print — well below expectations — gives the Fed cover to pause or eventually cut, and equity markets are pricing in exactly that relief with the S&P 500 rising on the news.
Ask SkimNews
